2026-01-18 09:28:15

FRAX's recent rally is truly fierce—24 hours saw a surge of 38%, with RSI instantly jumping to 90.66, firmly in the overbought extreme zone. Although the price broke through all major moving averages on the candlestick chart and the MACD showed a bullish crossover with continued volume increase, this level of rapid rise essentially indicates overextension.

To put it simply, chasing the current price of 1.1220 is no different from taking on risk. Instead of betting on how much further it can go, it's better to wait for a pullback to the MA5 support level before considering entering. This operational logic is more prudent—leaving room for reaction and allowing entry from a relatively safer position. With such a strong market, patience is actually the best risk management.

FRAX41.12%

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SchrodingersPaper

· 8h ago

38% wow, I was trembling... but I really don't dare to chase, the RSI has soared to over 90, feeling like a correction will just break straight through.

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ChainProspector

· 8h ago

An 38% increase is indeed fierce, but the RSI is already over 90, and the bagholders in this wave are probably going to be trapped. Wait for a pullback before entering, this is the smart way to play. Crazy rises and falls often end with the latecomers crying. 1.1220 is a trap; I won't take this position. The MACD golden cross looks tempting, but the risks are also coming, better to stay cautious. In this kind of market, not chasing highs can actually help you survive longer, really. 38% in 24 hours sounds great, but it's actually just a false fire. The MA5 support is the key; I won't move until it reaches that level.

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GasFeeLover

· 8h ago

Haha, it's another good opportunity to jump in. The RSI is already over 90, and you're still willing to chase? That's either gambling or foolishness.

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ruggedNotShrugged

· 8h ago

Oh no, it's the same story again. When RSI exceeds 90, they call it overbought. I've gotten used to it long ago. There's always someone saying to chase the high and take over the position. The key is that the last time FRAX shot up like this, it directly increased by another 50%... Waiting for MA5 to pull back sounds safe, but it's actually the most frustrating. When a real rebound happens, it's like you have nothing to do with it.

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RooftopVIP

· 8h ago

Wait, 38 points just like that? How much must they cut to harvest so many leeks... The RSI is already over 90, and some people still dare to chase, really stubborn.

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BlockTalk

· 8h ago

Hmm, RSI is already over 90 and you're still chasing? Isn't that just giving the big players money? It's not too late to buy again after a pullback. Anyway, since this wave is rising so aggressively, a correction is definitely coming.

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PumpBeforeRug

· 8h ago

Wait a minute, RSI is already over 90 and you're still hyping it up? This is a classic bagholder move, haha.

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